Eaton Federal Savings Bank is headquartered in Charlotte and is the 34th largest bank in the state of Michigan. It is also the 1,871st largest bank in the nation. It was established in 1936 and as of September of 2019, it had grown to 93 employees at 7 locations. Eaton Federal Savings Bank's CD rates are 96% higher than the national average, and it has an A health rating.
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Best Bank You can Imagine
Eaton Federal Savings Bank is the best bank you can imagine. Their customer service is top notch. We live in a poorer community with a lot of elderly people. These people survey on social security and most don't have checking accounts. They get their monthly Social Security check directly deposited by the federal government into their Eaon Federal Savings Account. Many of these elderly people come into Eaton Federal Savings Bank the day their Social Security check is deposited in their savings account. They come with all of their monthly bills and bring them to the bank tellers. The bank tellers will then write money orders for each of these elderly persons' bills and mail them. It is an incredible service for these people that the bank does not charge for. My favorite service I use at the bank is free checking. There is no monthly fee and no minimum balance for this account. You also get an ATM card with this account. It is a great bank.
Data as of Q3 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 29846 |
| Year Established | 1936 |
| Employees | 93 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.6% |
| Return on Equity - YTD | 3.89% |
| Annual Interest Income | $10.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $371.5MM$345.5MM |
| Loans | Q3 2019vs Q3 2018 | $227.7MM$221.4MM |
| Deposits | Q3 2019vs Q3 2018 | $270.9MM$279.0MM |
| Equity Capital | Q3 2019vs Q3 2018 | $57.3MM$53.1MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $2.3MM$2.3MM |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $1.8MM$1.6MM |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$89.00K |
Always verify rates and promotions with the bank or credit union. We are not Eaton Federal Savings Bank; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Eaton Federal Savings Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.20% | $5 | - | Statement Savings Account | |
| 0.20% | $5 | - | Christmas Club Account | |
| 0.20% | $5 | - | Kids Club Accounts |
Eaton Federal Savings Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.20%* | $2.5k* | - | Money Market Deposit Account (MMDA) | ||
| OTHER TIERS: 0.10% → $50 - $2.5k | |||||
Eaton Federal Savings Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | $2.5k | $10k | Connect Rewards Checking | |
| 0.10% | $1k | - | Connect Interest Checking |
Eaton Federal Savings Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.52% | $500 | - | 5 Year CD | |
| 2.27% | $500 | - | 4 Year CD | |
| 2.02% | $500 | - | 3 Year CD | |
| 1.86% | $500 | - | 2 Year CD | |
| 1.76% | $500 | - | 1 Year CD | |
| 1.00% | $500 | - | 6 Month CD |
Eaton Federal Savings Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.52% | $500 | - | 5 Year IRA | |
| 2.27% | $500 | - | 4 Year IRA | |
| 2.02% | $500 | - | 3 Year IRA | |
| 1.86% | $500 | - | 2 Year IRA | |
| 1.76% | $500 | - | 1 Year IRA | |
| 1.00% | $500 | - | 6 Month IRA |
| Eaton Federal Savings Bank Locations | ||
|---|---|---|
| 103 S Main Branch | 103 South Main | Olivet, MI 49076 |
| 109 S Main Branch | 109 South Main | Nashville, MI 49073 |
| Eaton Federal Savings Bank | 236 South Cochran Avenue | Charlotte, MI 48813 |
| 307 South Main Branch | 307 South Main | Eaton Rapids, MI 48827 |
| Grand Ledge Branch | 500 South Clinton | Grand Ledge, MI 48837 |
| Sockbrige Br | 122 West Main Street | Stockbridge, MI 49285 |
| Gregory Branch | 223 North Main Street | Gregory, MI 48137 |